Acceleron, a leader in international payment automation and correspondent banking technology, announced today a new partnership with Braid, a modern banking core platform designed for community banks and credit unions. Through this integration, Braid's banking partners can now access Acceleron's foreign exchange (FX) marketplace and currency conversion system via a single API, enabling financial institutions to maximize banking profitability and streamline international wire processes with minimal technical effort.

"By integrating Acceleron into our banking core, we're giving our banks the ability to offer real-time FX pricing and automated settlement on international wires without relying on legacy correspondent networks," said Randy San Nicolas, Co-Founder and CEO of Braid. "This partnership allows our banks to expand correspondent banking services and capture FX spread directly, which leads to faster processing, new revenue, and a more competitive offering for fintech partners and business clients alike."

The partnership provides community financial institutions with seamless access to Acceleron's international payments infrastructure through Braid's modular sidecar core. With a low-lift, no-code integration, banks can now natively handle FX conversion using Acceleron's patented NudgeConvert system, which incentivizes customers to send in foreign currency. This helps institutions capture revenue from wire flows that previously only benefited foreign intermediaries.

"The partnership with Braid will provide international payment technology to community banks and allow them to bring FX services in-house and generate non-interest income," said Damon Magnuski, CEO of Acceleron. "We are committed to helping community financial institutions tap into their existing wire flow and turn it into a revenue generator, rather than letting big banks and foreign banks take all the profit."

Together, Braid and Acceleron aim to level the playing field for smaller community financial institutions, helping them compete globally through modern infrastructure, FX technology, and new revenue opportunities.